Reply to any cons in suspended student loans debt?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The government will suspend debt repayment due to the coming famine/inflation. [/quote]

Debt repayment has been suspended since March 2020.[/quote]
The requirement to repay has been suspended. Hopefully people have been smart enough to keep paying if they can afford it. [/quote]

I have not. I’m going to take that debt to the grave. It’s my middle finger to all the rich kids who had a mommy and daddy pay for school. I worked my ass off through school and took loans to pay for health care, books, and room and board. (Well not really a meal plan, too much $$. I lived on $5 a week for food.) I’m earning a great living now and going to pay for my kids’ college. Student loans aren’t a high priority.[/quote]

So.....you're giving a middle finger to your own kids? You certainly are a messed up individual....[/quote]

Federal loans (including parent plus & stafford loans) are discharged upon death, provided you submit proof of the death.[/quote]
Not if you had a parent co-sign.[/quote]

Parent Plus loans (federal loans that are taken out for the student in the parents name) are discharged upon death. So are Stafford loans, which are taken out by the student only.

https://studentaid.gov/manage-loans/forgiveness-cancellation

“Federal student loans will be discharged due to the death of the borrower or of the student on whose behalf a PLUS loan was taken out.”

Some, but not all, private lenders will discharge student loans upon death. Sallie Mae does if the student dies. Private loans are in the student’s name but are co-signed by the parent.

https://www.salliemae.com/student-loans/manage-your-private-student-loan/get-help-with-special-circumstance/life-changes/

“ If a student dies or becomes permanently and totally disabled, we will waive the Current Balance.”

[/quote]

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